Corient Private Wealth LLC Boosts Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Corient Private Wealth LLC lifted its stake in shares of ManpowerGroup Inc. (NYSE:MANFree Report) by 91.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,700 shares of the business services provider’s stock after acquiring an additional 5,121 shares during the quarter. Corient Private Wealth LLC’s holdings in ManpowerGroup were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in ManpowerGroup by 54.8% in the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after buying an additional 160 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in ManpowerGroup by 145.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after buying an additional 644 shares during the last quarter. Covestor Ltd increased its holdings in ManpowerGroup by 8.0% in the third quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock valued at $189,000 after buying an additional 190 shares during the last quarter. M&T Bank Corp purchased a new position in ManpowerGroup in the fourth quarter valued at $206,000. Finally, Camelot Portfolios LLC purchased a new position in ManpowerGroup in the fourth quarter valued at $236,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of MAN opened at $73.69 on Tuesday. ManpowerGroup Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $88.91. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 75.97, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. The firm has a 50-day simple moving average of $75.06 and a 200-day simple moving average of $75.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.17 and a current ratio of 1.17.

ManpowerGroup (NYSE:MANGet Free Report) last announced its earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that ManpowerGroup Inc. will post 5 earnings per share for the current year.

ManpowerGroup Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be paid a dividend of $1.54 per share. This is an increase from ManpowerGroup’s previous semi-annual dividend of $1.47. The ex-dividend date is Monday, June 3rd. This represents a dividend yield of 3.8%. ManpowerGroup’s dividend payout ratio is 303.10%.

Analyst Upgrades and Downgrades

MAN has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a report on Monday, April 22nd. UBS Group decreased their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ManpowerGroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.00.

View Our Latest Stock Analysis on MAN

About ManpowerGroup

(Free Report)

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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